BEL bullish on radar biz; Rs4,600 crore order on hand

BEL bullish on radar biz; Rs4,600 crore order on hand
PTI
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First Published: Mon, Dec 07 2009. 04 45 PM IST
Updated: Mon, Dec 07 2009. 04 45 PM IST
Bangalore: Bharat Electronics Limited is bullish on its radar business, saying it has Rs4,600 crore worth of orders to be executed in the next two to two-and-a-half years.
Currently, the Bangalore-headquartered defence PSU is the only Indian company manufacturing radars, which form on an average 25% of its total business annually.
“Radar business in India (overall in the country; not BEL’s business) is expected to be about Rs40,000 crore in the next ten years”, BEL’s director (R & D), I V Sarma, told reporters in Bangalore.
Asked how BEL arrived at this figure (Rs40,000 crore market in India), Sarma said it is the company’s “approximate estimate” based on inputs it had received. “It could be 20% more or less”.
In the last financial year, BEL has manufactured radars worth Rs900 crore and it is expected to go up to Rs1,000 crore in the current fiscal.
“It’s going to go up in a big way”, Sarma said. “We are fully geared up to address this huge potential”.
BEL has established facilities at three different strategic business units for manufacturing radars. It has also established a Chair at Indian Institute of Science Bangalore for radar studies.
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First Published: Mon, Dec 07 2009. 04 45 PM IST